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Centurion Co. had the following accounts and balances at December 31: Account Debit Credit Cash $ 10,100 Accounts Receivable 2,020 Prepaid Insurance 2,440 Supplies 1,020
Centurion Co. had the following accounts and balances at December 31:
Account | Debit | Credit | ||||
Cash | $ | 10,100 | ||||
Accounts Receivable | 2,020 | |||||
Prepaid Insurance | 2,440 | |||||
Supplies | 1,020 | |||||
Accounts Payable | $ | 5,050 | ||||
Common Stock | 4,960 | |||||
Service Revenue | 7,100 | |||||
Salaries Expense | 510 | |||||
Utilities Expense | 1,020 | |||||
Totals | $ | 17,110 | $ | 17,110 | ||
Using the information in the table, calculate the company's reported net income for the period.
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